HEGAU AG

The purpose of the company is the acquisition, holding, management, financing and sale of participations in other companies in Switzerland or abroad. The company may establish branches and subsidiaries in Switzerland and abroad, take over representations and engage in any business activity and conclude contracts of any kind that may be beneficial to the company's purpose or that are directly or indirectly related to the company's purpose. The company may acquire, hold, manage, encumber and sell real estate in Switzerland and abroad. Excluded are transactions that are prohibited by the Federal Act on the Acquisition of Real Estate by Persons Abroad (BewG).